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20100901
20100930
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to be up to every detail. bill: and, stephen hayes and marion marsh are coming up to debate the topic you are talking about. stay tuned for that great panel and a big issue here, in the meantime, voters waiting to see what congress does about the expiring tax cuts, both parties divided over whether or not to extend them, to all americans, and, democratic leaders have yet to make a move on the issue and that change -- will that change today, we wonder, molly henneberg, camped out on the hill, what this is democrats' strategy at play. >> reporter: that is what everybody is waiting to see, how the democrats will proceed with this and the nation's most high-profile democrat, president obama, will speak about the bush tax cuts later today. that is what we are given to expect. and, the tax cuts that are -- apply to virtually every taxpayer that are set to expire at the end of the year unless congress acts and the president said he wants to extend the tax cuts for households that make $250,000 or less and, democrats led my harry reid, are trying to figure out how to do that but as yet no bill is
to your paycheck next year if tax cuts are not extended. stephen moore, senior economic writer for the wall street journal, good morning to stkpwhraou by hill. -- hi bill. >> bill: if you make $50,000 a year, your taxes will go up $2900, starting when, the third week in january? >> january 1, 20 # one. as soon as that clock hits midnight, the new year brings those tax increases. >> if you're making $100,000 a year, your taxes go up $4500. >> yes. by the way, bill, let me just say one thing about this, it depends on how many kids you have, because remember there was a child credit in the 2001 and 2003 tax bill, so this is -- i think those examples you're using are for a family of four with two kids. bill: clarification, it is a family of four, based on our research and our brain room. the president has said he signed eight pieces of legislation already that provide small business tax cuts, and your tax haven't gone up in this administration, your taxes have gone down. is he right? >> well, he's partly right. it's true that he has signed a lot of legislation that's supposed to he
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